Check out Why Thailand Warns Facebook Regarding Crypto


Thailand's Ministry of Digital Economy and Society (DES) has cautioned Meta's Facebook Regarding Cryptocurrency Scams. 

 Thailand Warns Meta's Facebook to address rampant fraudulent crypto investment ads, affecting over 200,000 people. 

DES Minister Chaiwut Thanakmanusorn has sought a court order to potentially expel Facebook from Thailand if it fails to counter these scams by month-end. 

Facebook (now Meta) has gradually relaxed its crypto ad restrictions over three years, accepting more regulatory licenses for such content. 

Previously, Meta faced legal action in Australia for allegedly allowing misleading crypto ads tied to celebrities. 

The incident reflects wider regulatory concern about social media platforms and deceptive cryptocurrency content. 

The situation highlights the need for vigilant ad monitoring to safeguard users and the crypto industry's image.